Complete Account Types Guide for FXPro Trading in South Africa

Understanding FXPro Account Categories in South Africa

At FXPro, we provide South African traders with three distinct account categories designed to suit various trading preferences. The Standard account offers fixed spreads and no commissions, ideal for beginners. Raw accounts feature variable spreads from 0.0 pips combined with competitive commission fees, catering to seasoned traders. Professional accounts, available to eligible South African clients, deliver higher leverage and institutional-grade tools. Verification is swift, typically within 24 hours, using South African identification and address documents.

Each account type supports ZAR deposits and withdrawals through major South African banks. Our team ensures compliance with FSCA regulations for all client accounts. Clients receive access to our proprietary trading platforms with fast execution speeds averaging 13 milliseconds. These account types provide tailored solutions for traders in Johannesburg, Durban, Cape Town, and other South African regions.

Standard Account Features for South African Traders

The Standard account is designed for users preferring fixed spreads and no commission fees. Spreads for major pairs like EUR/USD typically sit at 1.5 pips, while GBP/USD spreads average 2.0 pips during active trading hours. This account eliminates added commission charges, simplifying cost management for new traders.

• Access to MetaTrader 4, MetaTrader 5, and cTrader platforms
• Support for automated trading via Expert Advisors and custom indicators
• Mobile apps with synchronized desktop integration for iOS and Android
• Live market data for forex, commodities, indices, and stocks
• 50+ technical indicators and advanced charting tools

Traders can fund accounts using local methods or popular e-wallets. Withdrawal times vary by method but are generally within 3 business days. FXPro does not impose withdrawal fees, but standard bank charges may apply.

Raw Account Specifications and Benefits

Raw accounts offer variable spreads beginning at 0.0 pips, with a commission of $3.50 per standard lot per side. This structure suits high-frequency traders and scalpers in South Africa. The execution method is market execution without requotes, with order fills averaging 13 milliseconds during peak periods.

• Level II pricing with market depth visibility
• Support for advanced order types such as stop limit and trailing stop
• Access to VPS hosting for uninterrupted algorithmic trading
• Comprehensive risk management including negative balance protection
• Position sizes from 0.01 to 100 lots per trade

These features empower South African traders to implement complex strategies and manage risk effectively. The account supports extensive trading volumes while providing transparent pricing models.

Professional Account Requirements and Advantages

Professional accounts require meeting MiFID II criteria, which we extend to South African clients. Traders must demonstrate at least 12 months of trading experience, a portfolio exceeding R1,000,000, or institutional trading history. Verification includes submission of trading records and financial documents.

Qualified traders gain access to leverage up to 1:500 on major pairs and reduced margin requirements. Dedicated relationship managers based in Johannesburg offer market insights and customized support. Institutional research and spread negotiation are additional benefits available.

Account Opening Process for South African Residents

South African clients can open accounts by completing our online registration form. Required documentation includes a certified South African ID or passport, a recent proof of residence, and bank statements from the last three months. Professional account applicants must provide evidence of trading experience or financial qualifications.

• Submit personal and financial information via our secure portal
• Upload required documents in JPEG, PNG, or PDF format
• Await compliance review, usually completed within 24-48 hours
• Receive login credentials by email upon approval
• Fund accounts using approved local or international payment methods

We support deposits in ZAR and other currencies, with automatic conversion for non-ZAR accounts. Deposit minimums vary between account types, ensuring appropriate capital allocation for each trading style.

Platform Integration and Technology Infrastructure

FXPro operates trading servers across London, New York, and Singapore, ensuring redundancy and high-speed connectivity for South African users. Our platforms include MetaTrader 4, MetaTrader 5, and the proprietary cTrader, each optimized for speed and reliability.

Our platform ecosystem supports multiple order types, including market, limit, stop, stop limit, trailing stop, and one-cancels-other. South African traders benefit from sub-20 millisecond execution speeds, reducing slippage risks during volatile sessions.

Mobile Trading Capabilities and Automated Systems

FXPro mobile apps for iOS and Android offer full trading functionality with synchronized data across devices. Traders can analyze charts, execute trades, manage orders, and receive push notifications for price alerts. Biometric authentication secures mobile access.

• One-touch trading for rapid market entry
• Real-time account balance and margin monitoring
• Customizable watchlists and alert settings
• Support for Expert Advisors and algorithmic strategies via VPS
• API integration with REST and FIX protocols for custom applications

Our VPS hosting ensures continuous operation of automated strategies, critical for South African traders facing occasional internet instability. API documentation supports Python, Java, and C# for tailored trading solutions.

Regulatory Compliance and Client Protection in South Africa

FXPro adheres to FSCA regulations, alongside CySEC and FCA oversight, providing a secure trading environment. Client funds are held in segregated accounts with tier-one banks in South Africa and abroad. We offer insurance protection up to €20,000 per client to enhance fund security.

Professional accounts may opt out of negative balance protection but must acknowledge increased risk. Our dispute procedures comply with South African financial law, ensuring timely and transparent conflict resolution.